07
Jan
12

State of the Real Estate Market for McLean, VA 22102 – Quarter End 12/31/11

State of the Real Estate Market or McLean, VA 22102

Quarter End 12/31/11

The following table and chart compare the number of active listings (the supply) to the number of properties sold or under contract (the demand) in the local real estate market of McLean, VA 22102 by price range for the period from 6/30/11 – 12/31/11.

This analysis is a snapshot in time.  The real estate market constantly changes just like any other market.  However, this is an accurate picture of the local real estate market at this point in time.  Based on the balance, the markets can be characterized in one of three ways:

Buyers’ Market – More Active Listings (Supply) than Sales and Under Contract Listings (Demand)

Balanced Market – An Equal Number of Active Listings (Supply) vs. Sales and Under Contract Listings (Demand)

Sellers’ Market – More Sales and Under Contract Listings (Demand) than Active Listings (Supply)

Solds + Expireds +
Contracts Withdrawns
Type of (6/30/11- Active (6/30/11-
List Price Range Market 12/31/11) Listings Difference 12/31/11)
$700,000-$899,999 Sellers’ 21 3 18 or 85.71% 4
$900,000-$1,199,999 Sellers’ 17 6 11 or 64.71% 12
$1,200,000-$1,499,999 Sellers’ 11 9 2 or 18.18% 9
$1,500,000-$1,999,999 Sellers’ 15 10 5 or 33.33% 11
$2,000,000-$2,499,999 Sellers’ 10 5 5 or 50.00% 4
$2,500,000-$2,999,999 Strong Buyers’ 3 12 -9 or -300.00% 8
$3,000,000+ Buyers’ 7 17 -10 or -142.86% 9

Summary of Zip Code 22102

  • $700,000 – $899,999Sellers’ Market. The number of sold properties combined with the number of under contract listings is 7 times the number of homes currently on the market (active listings).  If you factor in the properties that were withdrawn from the market or expired listings, there are still 3 times the number of active listings as sold properties plus under contract properties.
  • $900,000 – $1,199,999Sellers’ Market.  If you factor in the properties that were withdrawn from the market and listings that expired, this price range is balanced.
  • $1,200,000 – $1,499,999Sellers’ Market.  But, this price range is very close to a balanced market (without factoring in the withdrawn and expired listings).  If you factor in the properties that were withdrawn from the market and listings that expired, this price range shifts from a sellers’ market to a buyers’ market.
  • $1,500,000 – $1,999,999Sellers’ Market.  If you factor in the number of properties that were withdrawn from the market and listings allowed to expire, this price range becomes a buyers’ market.
  • $2,00,000 – $2,499,999 Sellers’ Market.  The number of properties sold between 6/30/11 and 12/31/11 plus the number of properties currently under contract is twice the number of homes currently for sale.
  • $2,500,000 – $2,999,999Strong Buyers’ Market.  The number of homes listed for sale is 4 times the number of homes sold between 6/30/11 and 12/31/11 combined with the number of properties currently under contract.
  • $3,000,000 and upBuyers’ Market.  The number of homes currently listed for sale is more than twice the number of homes sold between 6/30/11 and 12/31/11 plus the number of homes currently under contract.

If you would like to discuss the trends in the McLean-Great Falls real estate market, please don’t hesitate to contact me at TaniaHosmer@gmail.com.


1 Response to “State of the Real Estate Market for McLean, VA 22102 – Quarter End 12/31/11”



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Tania Hosmer

Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in the Reserve in McLean, Virginia with her husband and 2 children since 2001. Tania and her husband Jim purchased their lot in Section 1 of the Reserve in June of 1999 and built their home in the following 18 months. She holds a bachelor’s degree in Physics from Mary Washington College and an MBA in Finance from The George Washington University. Tania began her real estate career over 20 years ago. In addition to real estate sales, her experience includes managing residential renovation projects in the greater Washington area, planning and overseeing new residential construction and managing rental properties. After completing her MBA in 1996, she joined CIG International (a Washington-based residential real estate investment firm) as Vice President where she conducted extensive due diligence investigations of real estate investment opportunities and oversaw ongoing investment projects. Tania became a residential real estate agent in 2006.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 688 other followers

Tania’s Contact Information:

Tania Hosmer
Keller Williams Realty
6820 Elm Street
McLean, Virginia 22101
cell: 703-403-8225
email: taniahosmer@gmail.com
website: www.taniahosmer.com

Disclaimer:

If your home is currently listed with another broker, this is not intended as a solicitation of your listing.

%d bloggers like this: